Equity
-€475,301
Debts exceed assets in financial year 2025.
MOAW
Lifetime
7 annual accounts with figures on one time axis, 8 filings since 2018peak €37,580 (2019)
-€66▼ €787
lowest -€163,672 (2021)
-€9,235▼ €4,976
peak €145,409 (2020)
-€475,301▼ €9,235
€475,926▲ 2.0%
Board4 names since 2020
1 directorNowrizon
Owners
80%Nowrizon
Documentsfilings and deeds
17-08-202617 days late
2025micro format
Gross margin from €721 to -€66Loss of €9,235
Key points
from the 2025 annual accountsLosses
-€620,710 in five years
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Position in the sector
-76051.9%
Lower solvency than 95% of companies in sports and recreation. Sector median 27.7% · 2,880 companies.
2025 accounts filed 17 days after the deadlineTurnover not published (micro format)
Checked score
53
Fair
Financially stronger than 16% of micro companies in sports and recreation (NACE 93)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,268 companies (NACE 93, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%highest value
01-2025: 2.9%● unchanged vs 12-2024highest value
02-2025: 1.7%▼ -1.2 percentage points vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.6%▼ -0.1 percentage points vs 05-2025
07-2025: 1.7%▲ +0.1 percentage points vs 06-2025
08-2025: 2.2%▲ +0.5 percentage points vs 07-2025
09-2025: 1.6%▼ -0.6 percentage points vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.5%▼ -0.1 percentage points vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.4%▼ -0.1 percentage points vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.5 percentage points vs 07-2026
09-2026: 0.8%▼ -1.1 percentage points vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €9,235, the second in a row (financial year 2025)
Negative equity -€475,301
lowers risk
Size: total assets €625
Sector: Sports, amusement and recreation activities (NACE 93)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 9% of them on solvency, 9% on liquidity, 7% on profitability and 39% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as MOAW has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MOAW itself is lower: 0.8% within 12 months. It rests on far more data about MOAW than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for MOAW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€475,301
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
17 days late
2024
29 days late
2023
30 days late
2022
99 days late
2021
129 days late
2020
74 days early
2019
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 46 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 68 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0684475649
Registered office moved from Antwerp to Saint-Gilles
New registered office: Defacqzstraat 78, 1060 Sint-Gillis · Previous registered office: Museumstraat 11 bus a, 2000 Antwerpen · Permanent representative: Pierre ROUSSEAUX · Board meeting of 31-10-2022 · Gazette deed
1 director appointed, 2 resignations
Resignations: Colin Wolf and Robert Makroczy · Appointment: BV Nowrizon (director) · Permanent representative: Pierre Rousseaux · General meeting of 28-05-2021 · Gazette deed
Registered office moved to Antwerp
New registered office: Museumstraat 11A te 2000 Antwerpen · Resignation: Roby Opdekamp (manager) · General meeting of 18-09-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MOAW Sint-Gillis (bij-Brussel) | €625 | -€66 | -76051.9% | - |
| Kinetic Therapy Leuven | €1,014 | -€16,489 | -4562.2% | - |
| FILIP SAP Peer | €1,231 | -€2,653 | -12660.8% | - |
| THE AGENCY Watermael-Boitsfort | €1,744 | -€2,002 | -11168.4% | - |
| My Fit Gym Louise Ixelles | €1,848 | -€785 | -2334.3% | - |
| A-FOCUS Meerhout | €784 | -€248 | -6410.2% | - |
| Max Relax Buggenhout | €518 | -€1,717 | 100.0% | - |
These companies have the same main activity as MOAW: other sports activities (NACE 93199). They are comparable in size and age: total assets between €518 and €1,850, founded between 2003 and 2023.
Official details
Source: KBO- Status
- Active since 07-11-2017Normal situation
- Registered office
- 34 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Other sports activitiesNACE 93199
- Establishment unit
- 2.270.657.0632018 Antwerp, since 07-11-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Insights on MOAW
MOAW files the micro format. That format states no turnover. The gross margin rose from -€47,643 in 2018 to -€66 in 2025.
Nowrizon holds 80% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MOAW
- What is the company number of MOAW?
- The company number of MOAW is 0684.475.649. The VAT number is the same number with BE in front: BE 0684.475.649.
- Where is MOAW based?
- The registered office is at Defacqzstraat 78, 1060 Sint-Gillis (bij-Brussel).Company details
- What does MOAW do?
- According to the KBO register, the main activity is other sports activities (NACE 93199).
- What is the legal form of MOAW?
- MOAW is a private limited company (pre-2019) (BVBA).
- When was MOAW founded?
- MOAW was founded on 07-11-2017.
- Is MOAW still active?
- Yes, MOAW is an active enterprise in the KBO register.
- How many employees does MOAW have?
- MOAW had an average of 0.9 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of MOAW?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is MOAW profitable?
- In financial year 2025, MOAW made a loss of €9,235.
- Where can I find the annual accounts of MOAW?
- MOAW filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MOAW due?
- MOAW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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